America West Resources Signs Coal Supply Contract With Major, Multinational Natural Resource Company
2008年12月16日 - 2:35AM
PRニュース・ワイアー (英語)
12-Month Contract Provides for the Purchase of Up to $7.14 Million
in Coal from Horizon Mine SALT LAKE CITY, Dec. 15
/PRNewswire-FirstCall/ -- America West Resources, Inc. (OTC:AWSR)
(BULLETIN BOARD: AWSR) , a domestic coal producer with mining
operations in Central Utah, today announced that the Company has
signed a Coal Supply Agreement with a major, multinational producer
of high calcium and dolomitic lime providing for the delivery of
bituminous coal mined from America West's Horizon Coal Mine for use
in operating its production facilities. The 12-month contract,
which takes effect on January 1, 2009, provides for the customer to
purchase up to $7.14 million in coal from America West at a flat
negotiated price per ton that can be adjusted, if necessary, to
provide for variances in actual heat content of coal tonnage
delivered in any given month. "When coupled with the other supply
contracts we've signed over the past several months, this new
agreement increases our contracted revenue potential for coal mined
from Horizon to nearly $40 million over the coming year. With our
subsidiary, Hidden Splendor, emerging from Chapter 11 later this
week, all of our attention is now concentrated on optimizing
production from Horizon and working to establish America West as
one of the nation's most prolific producers of clean coal," stated
Dan Baker, CEO of America West. About America West Resources, Inc.
Headquartered in Salt Lake City, Utah, America West Resources, Inc.
is an established domestic coal producer focused on the mining of
clean and compliant (low-sulfur) coal and its sale primarily to
U.S. utility companies for use in generating electricity. Since
2003, the Company has extracted over 1.3 million tons of coal from
its owned and operated Horizon Coal Mine based in Central Utah. For
more information, please visit http://www.americacoal.com/ .
Forward-Looking Statements This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Please refer to the
Company's Form 10-KSB and other filings with the United States
Securities and Exchange Commission (the "SEC") for additional
information regarding risks and uncertainties, including, but not
limited to, the risk factors listed from time to time in such SEC
reports. Copies of these filings are available through the SEC's
electronic data gathering analysis and retrieval system (EDGAR) at
http://www.sec.gov/. FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
ELITE FINANCIAL COMMUNICATIONS GROUP Dodi B. Handy, President &
CEO For Media Inquiries: Tiffany Korkis or John Morrison, Managing
Directors of Elite Media Group 407-585-1080 or via email at
DATASOURCE: America West Resources, Inc. CONTACT: Tiffany Korkis or
John Morrison, Managing Directors of Elite Media Group,
+1-407-585-1080, , both for America West Resources, Inc. Web site:
http://www.americacoal.com/
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